[The probability of 'Backpack's FDV exceeding $1 billion on the first day of token issuance' is only 26% on Polymarket] Odaily Planet Daily News reports that Polymarket trading data shows the probability of Backpack's FDV exceeding $1 billion on the first day of token issuance is only 26%. The market does not seem to fully agree with the valuation mentioned in the latest financing rumors about the exchange. Previously, sources revealed that Backpack plans to raise $50 million at a $1 billion valuation.